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percent more than the 103,5232 announced in the same month ayear ago. This year has not been kind to The report found that so far in 2009 employers haveannouncesd 822,282 job cuts, more than double the 394,193w announced through May last year. But whiled job cuts remained well abovelast year’sz pace, May marked the fourth consecutivre month with a decline in job-cut announcements. Sincer reaching a peak of 241,749 in January, job-curt totals have fallen by an averagof 17.5 percent per month. CEO John Challengerf remains cautious about the jobmarketds prospects. “This decline in job cuts could be Challenger said.
“The seconde quarter is typically the lowesy quarter of the year when it comes to job Corporate downsizing may continue to remain slow duringf thesummer months, but if the past is any we could see the pace acceleratde again in the latter half of the thir quarter through the end of the Challenger Gray is a Chicago-based outplacement consulting
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